Two-Home Residential Income
New
For Sale
$200,000
15-19 Pearl Street, Newfield, NY 14867
MULTI_FAMILY - Newfield, NY
Property Size1,419 SF
Lot Size0.72 Acres
Price / SF$140.94
Days on Market2
Property Features for 15-19 Pearl Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 4
Appliances
ElectricWaterHeater
Lot features
Rectangular, Rectangular Lot
Elementary school
Newfield Elementary
Elementary school district
Newfield
Middle school district
Newfield
High school district
Newfield
Directions
Take Main St through Newfield, turn left onto Pearl St, green houses on left.
Subdivision
Newfield-503400
Standard status
Active
APN
503400-014-000-0002-023-000-0000
Size
1,419 SF
Lot size
0.72 Acres
Taxes and HOA fees
Tax Annual Amount
4100
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
fenced garden areas
gravel pathways
grape vines
tool shed
storage shed
enclosed porch
Building Details
Year built
1930
Floors in Building
1
Number of units
2
Flooring type
Carpet, Varies, Tile
Building materials
VinylSiding
Listing Agency:
Keller Williams Realty
(607) 275-5600
Listed By:
Rio Lange · License #10401301832
(607) 275-5600
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 11:06PM
MLS# R1702242
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Set on a double lot in Newfield, NY, this residential income property brings together two separate homes within a landscaped yard featuring multiple fenced garden areas, expansive lawn space, mature trees and flowers, and outdoor outbuildings connected by a gravel pathway.
The first home is a one-bedroom bungalow with a bright kitchen, cozy living room, an updated tiled bathroom, and a sunny enclosed porch. The second residence is a well-kept 3-bedroom mobile home with a remodeled kitchen and tiled bathrooms, along with a spacious 12' mudroom addition for added storage and everyday functionality.
Additional improvements include a full two-car garage with overhead openers, an 8x24 tool shed, and an additional storage shed. The property totals 0.72 acres and is listed for sale as a flexible setup for owner-occupancy or rental use.
The first home is a one-bedroom bungalow with a bright kitchen, cozy living room, an updated tiled bathroom, and a sunny enclosed porch. The second residence is a well-kept 3-bedroom mobile home with a remodeled kitchen and tiled bathrooms, along with a spacious 12' mudroom addition for added storage and everyday functionality.
Additional improvements include a full two-car garage with overhead openers, an 8x24 tool shed, and an additional storage shed. The property totals 0.72 acres and is listed for sale as a flexible setup for owner-occupancy or rental use.
Key Highlights
- Two‑lot property at 15‑19 Pearl Street with an attached one‑bedroom bungalow and a well‑kept 3‑bedroom mobile home
- Multiple fenced garden areas, expansive lawn space, mature trees and flowers, plus winding gravel pathways
- Mobile home includes a remodeled kitchen, tiled bathrooms, and a 12' mudroom addition for added storage
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.0k | $23.28 |
| − Vacancy | −$1.4k | −$0.98 |
| EGI | $31.6k | $22.30 |
| − OpEx | −$14.2k | −$10.04 |
| NOI | $17.4k | $12.27 |
1,419 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$268.3K
$234.8K – $313.0K
NOI $18,782 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$248.7K
$217.6K – $290.1K
NOI $17,406 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$442.8K
$387.4K – $516.6K
NOI $30,995 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
Demographics for 14867, NY
5,490
Population
2,488
Households
2.2
Avg Household Size
43
Median Age
31%
College-Educated
96%
High-School Grad
67.7 sq mi
ZIP Area
81
Density / Sq Mi
$67,644
Median Household Income
$48,494
Median Earnings
$1,163
Median Rent
$163,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Double-lot property with a one-bedroom bungalow and a 3-bedroom mobile home, plus multiple sheds and fenced gardens.
Where is this duplex located?
The property is located at 15-19 Pearl Street Newfield, NY.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two‑lot property at 15‑19 Pearl Street with an attached one‑bedroom bungalow and a well‑kept 3‑bedroom mobile home; Multiple fenced garden areas, expansive lawn space, mature trees and flowers, plus winding gravel pathways; Mobile home includes a remodeled kitchen, tiled bathrooms, and a 12' mudroom addition for added storage
